Business Daily Africa’s Post

Hero MotoCorp Expands Alliance with Harley-Davidson - Key Points - 1. Expansion of Alliance - Hero MotoCorp and Harley-Davidson have extended their partnership to include new international markets alongside their focus on India. 2. New Products Development - The alliance will introduce new variants of Harley-Davidson's X-440 motorcycle under a manufacturing agreement. Additionally, an all-new motorcycle is being developed. 3. Target International Markets - The partnership aims to explore international markets, but specific markets were not disclosed in the filing. 4. Current Market - Hero MotoCorp currently sells the #Harley-Davidson X-440 only in India under the #maverick brand, priced at around ₹2.4 lakh. 5. Background - Harley-Davidson ceased independent operations in India in 2019 due to low demand and high import tariffs. In October 2020, Hero MotoCorp and Harley-Davidson entered into a licensing agreement. 6. Significance - Hero MotoCorp handles manufacturing, distribution, and retail of Harley-Davidson motorcycles in India. The alliance enables Harley-Davidson to remain active in India without direct operations. 7. Economic Comparison - The X-440 competes with Royal Enfield motorcycles in the premium segment ( ₹250,000+ price range ). #Heromotocorp #Royalenfield #harleydavidson #motorcycles

Used car imports surged dramatically in the fiscal year 2023-2024. At the beginning of 2024, Pakistani channels reported that it had become one of the top 50 used car importers in the world. Read the blog: https://ow.ly/3n0x50SpOTM #PakWheels #PWBlog #ImportedUsedCars #Cars #Pakistan

Value of imported vehicles drops: Overseas trade figures from last month reveal fall in electric passenger cars key factor in category’s performance. #statsnz #imports #vehicles #parts #value #passengercars #evs #merchandise #trade #exports #carnews

Strong dollar prompts Korean automakers to sell more cars abroad amid sluggish domestic sales: … exports result, helps domestic carmakers — such as Hyundai Motor … a local carmaker said. “Korea’s domestic carmakers will have … sales results. Data from five carmakers in Korea — Hyundai Motor … KG Mobility, a domestic carmaker along with Hyundai Motor and … #car #cars #awesome

 Scania South Africa, its trucks are better suited for Africa’s robust road requirements, despite the price appeal of brands like FAW and Sinotruck. “They have aggressively targeted the African market through buy-back offers to gain market share.” He said although it had worked for them, he could not see how it was sustainable. “They’ve grown so fast the network required to service trucks across the region is not keeping pace. Buy-backs also place a contingent liability on your balance sheet and you have to make provision for that in two to three years. It’s simply not Scania’s business model. We rely on a premium that may cost more but also resells for a lot more, and that’s what clients want – second-hand quality.” https://lnkd.in/d4sMWv7r

Toyota maintains dominance in Namibia new vehicle sales with 48.4% market share: Toyota continues to lead the new passenger vehicle sales market in Namibia, holding 48.4% of sector sales year to date, according to IJG Securities. Suzuki, Kia, and Volkswagen follow with market shares of 6.3%, 9.2%, and 15.9%, respectively. In the light commercial vehicle segment year to date, Toyota further solidified its dominance with 62.8% of […]

September has been a month of official openings. Specifically, Nokian Tyres opened its Romania tyre factory – something it has done in record time (see pages 14-16 for the details). And Linglong flipped the switch on passenger car tyre manufacturing at its Serbia plant too (see pages 18-19). At the same time, October’s magazine focuses on tyre wholesale (see page 44 onwards) and industrial tyres (from page 36). However, this column turns its attention to an arguably under-reported part of the European tyre market – the Nordic/Scandinavian tyre business. https://lnkd.in/eQyscJtW

CFAO Mobility Kenya, the Toyota dealer, has acquired Michelin’s 49% stake in Tyre Distribution Africa (TYDIA), becoming the sole distributor of Michelin and BFGoodrich tyres in East Africa. This strategic acquisition significantly expands CFAO Mobility Kenya’s presence in the automotive sector, strengthening its tyre distribution network across the region. TYDIA has a strong reputation for supplying high-quality tyres for passenger cars, commercial vehicles, and construction equipment.

September has been a month of official openings. Specifically, Nokian Tyres opened its Romania tyre factory – something it has done in record time (see pages 14-16 for the details). And Linglong flipped the switch on passenger car tyre manufacturing at its Serbia plant too (see pages 18-19). At the same time, October’s magazine focuses on tyre wholesale (see page 44 onwards) and industrial tyres (from page 36). However, this column turns its attention to an arguably under-reported part of the European tyre market – the Nordic/Scandinavian tyre business. https://lnkd.in/eGFviWPd

Did you know that Indian auto parts are in high demand across Africa? 🚗 With growing markets and increasing vehicle ownership, Africa offers a golden opportunity for Indian auto part exporters. Join the SROMPL Community to connect with buyers in these key markets and expand your business globally. 📲 Follow this link to join Import-Export Business Community: (https://lnkd.in/dtHH5WZk) #ProductDemand #ExportBusiness #SROMPLCommunity #AutoParts #GlobalTrade #BusinessGrowth #TradeOpportunities #ExportImport #AfricaMarkets #BusinessCommunity #MarketExpansion #GrowYourBusiness #StrategicGrowth #TradeSuccess #GlobalOpportunities #BusinessDevelopment